M&T Bank Corporation Announces Redemption of M&T Capital Trust IV Enhanced Trust Preferred Securities

By PR Newswire,  January 28, 2014, 04:05:00 PM EDT


BUFFALO, N.Y., Jan. 28, 2014 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced today that it will redeem all of the issued and outstanding 8.5% Enhanced Trust Preferred Securities ("TruPS") issued by M&T Capital Trust IV - CUSIP - 55292C203 - (NYSE: MTBPrA) on February 27, 2014 (the "redemption date").  M&T is concurrently redeeming in whole the junior subordinated debt securities held by M&T Capital Trust IV which underlie the TruPS.  The aggregate principal amount of TruPS outstanding is $350 million. The redemption price will be $25.00 per trust preferred security, which represents 100% of the liquidation amount, together with any accrued and unpaid interest up to but excluding the redemption date. Further terms of the redemption are set forth in a redemption notice being disseminated to the holders of the TruPS. The paying agent is The Bank of New York Mellon Corporation, 101 Barclay Street, Floor 8 West, New York, New York 10286. 

M&T is a financial holding company headquartered in Buffalo, New York.  M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia.  Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

Investor Contact:

Donald J. MacLeod



(716) 842‑5138





Media Contact:

C. Michael Zabel



(716) 842-5385

SOURCE M&T Bank Corporation



This article appears in: News Headlines

Referenced Stocks: MTB


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